Telia Company AB

Latest Results (18.12.2024):

Revenue Performance

In the third quarter of 2024, Telia Company AB reported a revenue decrease of 0.9% to SEK 21,749 million compared to the same period last year. However, on a like-for-like basis, revenue increased by 0.9%. This indicates a mixed performance in terms of revenue generation, with some underlying growth when adjusted for comparable factors.

Service Revenue and EBITDA

Telia Company AB's service revenue for Q3 2024 decreased by 0.6% to SEK 18,820 million, but like-for-like, it saw an increase of 1.2%. Adjusted EBITDA showed a slight increase of 0.1% to SEK 8,475 million, with a like-for-like growth of 1.7%. This reflects a stable operational performance despite the overall revenue decline.

Net Income and Earnings Per Share

The company's total net income for the third quarter of 2024 rose to SEK 2,511 million from SEK 1,960 million in the previous year. Correspondingly, the total earnings per share (EPS) increased to 0.59 SEK from 0.46 SEK, indicating improved profitability and shareholder returns.

Operational Free Cash Flow

Telia Company AB experienced a decline in operational free cash flow to SEK 1,633 million in Q3 2024, down from SEK 3,357 million in the same quarter of the previous year. The structural part of operational free cash flow also decreased to SEK 3,099 million from SEK 3,660 million, highlighting challenges in cash flow management during the period.

Dividend and Strategic Outlook

During the third quarter of 2024, Telia Company AB paid a dividend of SEK 0.50 per share to its shareholders. The company also announced a change program aimed at simplifying operations and achieving annual savings of at least SEK 2.6 billion through a reduction of 3,000 positions. This strategic initiative is part of Telia's efforts to enhance efficiency and set new financial ambitions for the future.